Henry Wells and William G. Fargo started Wells Fargo during the same time as the gold rush in California. They faced a lot of competition but pushed on and preserved in spite of the circumstances. They also helped get other companies off the ground. when Fargo and Wells told the company that they worked for that they should expand into California they laughed at them and told them it was too competitive. So they started their own company. One reason they were success in the early years of the company was because they were well capitalized and kept lots of cash on hand. At one time they lost 33 percent of all the money they had due to losses, others banks crashed and burned and Wells and Fargo kept going. Well enjoy reading about the History of Wells & Fargo Bank. Click the link.